The honest trade-off — investor readiness against annual compliance cost.
If you intend to raise money, register a Private Limited. Investors will not put equity into an LLP, and converting later is expensive and slow.
If you will not raise money, an LLP costs meaningfully less to keep alive — no board meetings, lighter ROC filings, no audit until you cross the turnover threshold.
That is the whole decision. Everything else is detail.
If you will not raise money, an LLP costs meaningfully less to keep alive — no board meetings, lighter ROC filings, no audit until you cross the turnover threshold.
That is the whole decision. Everything else is detail.
#compliance#eldorado